Jason Park - Jul 30, 2021 Form 4 Insider Report for DraftKings Inc. (DKNG)

Role
Chief Financial Officer
Signature
/s/ Faisal Hasan, attorney-in-fact
Stock symbol
DKNG
Transactions as of
Jul 30, 2021
Transactions value $
-$2,354,905
Form type
4
Date filed
7/30/2021, 09:52 PM
Previous filing
Jul 28, 2021
Next filing
Aug 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DKNG Class A Common Stock Options Exercise $251K +53.4K +18.23% $4.70* 346K Jul 30, 2021 Direct F1, F2
transaction DKNG Class A Common Stock Sale -$1.79M -36.8K -10.64% $48.54* 309K Jul 30, 2021 Direct F1, F3
transaction DKNG Class A Common Stock Sale -$819K -16.5K -5.35% $49.51* 293K Jul 30, 2021 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DKNG Employee Stock Option Options Exercise $0 -53.4K -16.35% $0.00 273K Jul 30, 2021 Class A Common Stock 53.4K $4.70 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a Rule 10b5-1 trading plan.
F2 Represents shares of Class A Common Stock of the Issuer underlying options exercised by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $48.19 to $49.18, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 3 and 4 to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were obtained via an exercise and sell transaction and sold in multiple transactions at prices ranging from $49.21 to $50.00, inclusive.
F5 The options are vested and currently exercisable.